In recording adjusting entries, QRX Financial Advisors failed to record the adjusting

entries for the following situations:

a$.$ Accrued revenues, $$400.$

b$.$ Accrued interest expense, $$400.$

c$.$ Depreciation, $$400.$

d$.$ Unearned revenue that has been earned, $$400.$

e$.$ Accrued wages, $$400$

f$.$ Insurance expired, $$400$

g$.$ Office supplies on hand, $$400.$

Determine the effects on the income statement and balance sheet by identifying

whether assets, liabilities, equity, revenue, and expenses are either overstated or

understated. Use the following table. Adjustment in line a$.$ has been provided as an

example.